Posts Tagged ‘Korea’

10 Things You Need To Know That Are Going On This Weekend

SPECIAL EDITION: 10 Things You Need To Know That Are Going On This Weekend

Courtesy of Joe Weisenthal, at Clusterstock 

It’s a Saturday, but it certainly doesn’t feel like it, because there’s a heck of a lot going on. 

Here’s what you need to be paying attention to this May Day.

  • Greece/IMF/EU talks continue. According to Greek government officials, some kind of announcement may be made today. The market is hoping to hear something that’s orders of magnitude stronger than any bailout announcement we’ve gotten so far, or otherwise the feeling will be that it can and will fall through again.
  • Of course, there are fresh violent, anti-austerity protests going on today in Athens. The fact that it’s May Day, a day for celebrating anti-capitalism only adds to the tension.
  • New reports suggest the criminal probe into Goldman Sachs is not just a perfunctory follow-on to the SEC charges, but rather a truly separate thing that’s wider than Abacus, and that started before the SEC’s investigation. HUGE.
  • With just five days before the election, UK’s The Guardian has endorsed the Liberal Democrats, the country’s biggest third party. Its leader, Nick Clegg, has surged thanks to a string of strong debate performances, Gordon Brown’s disastrous campaigning, and a lingering sense of unease with the conservatives.

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    Kimble Charting Solutions

    Financial Crisis Deja Vu: Home Construction Index Double Top?

    Courtesy of Chris Kimble

    Most of us remember the 2007-2009 financial crisis because of the collapse in home prices and its effect on the economy.

    One key sector that tipped off that crisis was the home builders.

    The home builders are an integral piece to our economy and often signal “all clears” or “short-term warnings” to investors based on their economic health and how the index trades.

    In today’s chart, we highlight the Dow Jones Home Construction Index. It has climbed all the way back to its pre-crisis highs… BUT it immediately reversed lower from there.

    This raises concerns about a double top.

    This pr...

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    Insider Scoop

    A Peek Into The Markets: US Stock Futures Plunge Amid Coronavirus Fears

    Courtesy of Benzinga

    Pre-open movers

    U.S. stock futures traded lower in early pre-market trade. South Korea confirmed 256 new coronavirus cases on Thursday, while China reported an additional 327 new cases. Data on U.S. international trade in goods for January, wholesale inventories for January and consumer spending for January will be released at 8:30 a.m. ET. The Chicago PMI for February is scheduled for release at 9:45 a.m. ET, while the University of Michigan's consumer sentime... more from Insider

    Zero Hedge

    Coronavirus Paralyzes Global Credit Market As New Issuance Crashes To Zero

    Courtesy of ZeroHedge View original post here.

    In the early days, when virtually nobody paid attention to the coronavirus pandemic which China was doing everything in its power to cover up, markets were not only predictably ignoring the potential global plague - after all central banks can always print more money, or is that antibodies - but until last week, were hitting all time highs. All that changed when it became apparent that for all its data manipulation, China was simply unable to reboot its economy as hundreds of millions of workers refused to believe the government had the viral plague under control, starting...

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    Phil's Favorites

    The Weekly Webinar - 02-26-2020


    For LIVE access on Wednesday afternoons, join us at Phil's Stock World – click here.

    Major Topics:

    00:02:13 - Indices | S&P 500
    00:10:09 - COVID-19 & The Market
    00:12:30 - John Hopkins Virus Chart
    00:17:00 - DJIA
    00:18:22 - INQ | Futures
    00:19:23 - STP
    00:20:06 - LTP
    00:24:46 - GOLD
    00:25:45 - Money Talk Portfolio | Butterfly Portfolio
    00:27:20 - IMAX
    00:30:01 - Checking on the Markets
    00:30:54 - Money Talk Portfolio
    00:31:00 - Butterfly Portfolio
    00:31:08 - Future is Now Portfolio
    00:31:12 - Dividend Portfolio...

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    Biotech & Health

    Could coronavirus really trigger a recession?


    Could coronavirus really trigger a recession?

    Coronavirus seems to be on a collision course with the US economy and its 12-year bull market. AP Photo/Ng Han Guan

    Courtesy of Michael Walden, North Carolina State University

    Fears are growing that the new coronavirus will infect the U.S. economy.

    A major U.S. stock market index posted its biggest two-day drop on record, erasing all the gains from the previous two months; ...

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    The Technical Traders

    SPY Breaks Below Fibonacci Bearish Trigger Level

    Courtesy of Technical Traders

    Our research team wanted to share this chart with our friends and followers.  This dramatic breakdown in price over the past 4+ days has resulted in a very clear bearish trigger which was confirmed by our Adaptive Fibonacci Price Modeling system.  We believe this downside move will target the $251 level on the SPY over the next few weeks and months.

    Some recent headline articles worth reading:

    On January 23, 2020, we ...

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    Free, Live Webinar on Stocks, Options and Trading Strategies

    TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

    Feb. 26, 1pm EST

    Click HERE to join the PSW weekly webinar at 1 pm EST.

    Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

    This week, we also have a special presentation from Mike Anton of It's a new service that we're excited to be a part of! 

    Mike will show off the TradeExchange's new platform which you can try for free.  


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    Chart School

    Oil cycle leads the stock cycle

    Courtesy of Read the Ticker

    Sure correlation is not causation, but this chart should be known by you.

    We all know the world economy was waiting for a pin to prick the 'everything bubble', but no one had any idea of what the pin would look like.

    Hence this is why the story of the black swan is so relevant.

    There is massive debt behind the record high stock markets, there so much debt the political will required to allow central banks to print trillions to cover losses will likely effect elections. The point is printing money to cover billions is unlikely to upset anyone, however printing trillions will. In 2007 it was billions, in 202X it ...

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    Members' Corner

    Threats to democracy: oligarchy, feudalism, dictatorship


    Threats to democracy: oligarchy, feudalism, dictatorship

    Courtesy of David Brin, Contrary Brin Blog 

    Fascinating and important to consider, since it is probably one of the reasons why the world aristocracy is pulling its all-out putsch right now… “Trillions will be inherited over the coming decades, further widening the wealth gap,” reports the Los Angeles Times. The beneficiaries aren’t all that young themselves. From 1989 to 2016, U.S. households inherited more than $8.5 trillion. Over that time, the average age of recipients rose by a decade to 51. More ...

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    Digital Currencies

    Altcoin season 2.0: why bitcoin has been outgunned by crypto rivals since new year


    Altcoin season 2.0: why bitcoin has been outgunned by crypto rivals since new year

    ‘We have you surrounded!’ Wit Olszewski

    Courtesy of Gavin Brown, Manchester Metropolitan University and Richard Whittle, Manchester Metropolitan University

    When bitcoin was trading at the dizzying heights of almost US$2...

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    What US companies are saying about coronavirus impact

    By Aman Jain. Originally published at ValueWalk.

    With the coronavirus outbreak coinciding with the U.S. earnings seasons, it is only normal to expect companies to talk about this deadly virus in their earnings conference calls. In fact, many major U.S. companies not only talked about coronavirus, but also warned about its potential impact on their financial numbers.

    Q4 2019 hedge fund letters, conferences and more

    Coronavirus impact: many US companies unclear

    According to ...

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    Lee's Free Thinking

    Why Blaming the Repo Market is Like Blaming the Australian Bush Fires


    Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

    Courtesy of  

    The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

    Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:


    The ‘experts’ I hear from keep saying that once 300B more in reserves have ...

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    Mapping The Market

    How IPOs Are Priced

    Via Jean Luc 

    Funny but probably true:


    more from M.T.M.

    About Phil:

    Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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    About Ilene:

    Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.